Ventas vs Welltower
Welltower is the larger business, with $10.84bn of revenue in fiscal 2025 against $5.83bn for Ventas (1.9 times as much). Welltower grew faster (35.6% against 18.5%). Welltower kept more of each dollar of sales as profit: a net margin of 8.6% against 4.3%. Welltower carries less debt relative to equity (46.0% against 104.6%).
| Latest fiscal year | VentasVTR, 2025 | WelltowerWELL, 2025 |
|---|---|---|
| Revenue | $5.83bn | $10.84bn |
| Revenue growth | 18.5% | 35.6% |
| Net income | $251m | $937m |
| Operating margin | — | — |
| Net margin | 4.3% | 8.6% |
| Return on equity | 2.2% | 2.5% |
| Free cash flow | −$1.28bn | $1.83bn |
| Cash | $741m | $5.03bn |
| Total debt | $13.10bn | $19.36bn |
| Debt to equity | 104.6% | 46.0% |
| Dividend per share | $1.92 | $2.82 |
| Dividend yield | 2.1% | 1.2% |
| Share buybacks | — | — |
| Employees | 542 | 514 |
| Market value | $45.93bn | $176.22bn |
| Price vs our value range | — | — |
| Moat score | 26 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 1 buys, 20 sales | 2 buys, 0 sales |